Retail Investment with Vacant 2 bed Flat Above
Summary
- Retail investment
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Ground - Retail Unit | 558.54 | 51.89 | Available |
| 1st - 2 bed flat | 613.54 | 57 | Available |
| Total | 1,172.08 | 108.89 |
Location
Located on a busy access road into Guildford Town Centre, (0.5 miles away), the Station (0.2 miles away), University of Surrey, Cathedral, Hospital and A3 slip road are all within close vicinity. Guildford is Surrey’s principal town with excellent shopping and commercial base.
Get directions from Google Maps
Mainline Stations
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Guildford6 mins
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London Road (Guildford)20 mins
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Shalford (Surrey)35 mins
-
Farncombe55 mins
Underground Station
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Chessington South284 mins
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Thames Ditton290 mins
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Chessington North294 mins
-
Hampton299 mins
Further Information
Price £485,000
Rates Payable £3,792.40 per annum
Service Charge n/a
Description
The subject property features a retail unit on the ground floor currently leased to a launderette user for a term of 15 years from Jan 2019. Every 5th anniversary rent reviews are linked to greater of RPI & OMRR. The most recent rent review increased the rent to £16,800 per annum.
There is also a vacant 2-bedroom flat on the upper floor, which also includes a bathroom and lounge/kitchen. Accessed separately from the retail unit.
There is a generous garden to the rear of the property.
Investment Details
Retail Unit - £16,800 per annum (RPI Rent Review 24’), expires 2034.
Flat - Vacant - Estimated rental value is £1,500 - £1,600 mth
EPC
Ground floor - TBC
1st floor flat - D 64
Gallery
